Gotham Adani: The Indian who defrauded Bezos and became the 2nd richest man in the world

THE Gotham Adanithe Indian tycoon who rose very quickly this year in the rankings of the world’s billionaires, has submitted to Jeff Bezos and became the second richest man on the planet.

Adani, who started at No. 14 on the Bloomberg Billionaires Index, now has a fortune of $146.9 billion, second only to that of Elon Musk, of 260 billion dollars. Its “flagship” shares Adani Enterprises have soared to record highs this week, while some of its group companies have seen gains of more than 1,000% since 2020.

THE property of Bezos fell to $145.8 billion after the new sell off hit technology again and affected the fortunes of the wealthiest Americans. Of course, this change in ranking is volatile and depends mostly on Amazon.com’s stock, which has recorded losses of more than 26% this year.

Adani first subjugated the Indian Mukesh Ambani earning the title of Asia’s richest man in February, while he became a billionaire in April, surpassing Bill Gate and the French Bernard Arnault the last two months. It is the first time anyone from Asia has climbed so high in the rankings, which have traditionally been dominated by American tech entrepreneurs.

60-year-old Adani left college to seek his fortune in diamond industry of Mumbai in the early 1980s before turning to coal and ports. His joint venture has expanded into everything from airports up to data centers, cement, media and green energyfocusing on areas that the Prime Minister of India Narendra Modi he considered particularly important to achieve his country’s long-term goals.

Last year, it pledged to invest $70 billion in green energy, a move seen as “fake and showcase for the rest of his business” as most of the group’s revenue still comes from fossil fuels.

However, it was the push into renewables and infrastructure that delivered profits, sending his companies’ shares soaring as well as his personal fortune. This year, he added about $70 billion to his fortune – more than anyone else.

Adani’s rise coincided with the sell off in technology which has distributed since January more than 45 billion dollars from Bezos’ fortune. The net worth of the Amazon founder – for years the richest man on the planet – has fallen significantly since his 2019 divorce from ex-husband Mackenzie Scott, who received 4% of the e-commerce giant.

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